Tagged: asia

November 23, 2015 @ 8:28 am By JD Alois  |  

Kapital Boost has won the Social Enterprise Startup of the Year award during the inaugural ASEAN Rice Bowl Startup event held in Kuala Lumpur, Malaysia. Singapore-based Kapital Boost is the first Islamic peer-to-business (P2B) crowdfunding platform in Asia. Launched in July 2015, Kapital Boost has… Read More

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 12, 2015 @ 3:35 pm By Samantha Hurst  |  

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

November 10, 2015 @ 11:18 am By Samantha Hurst  |  

Faction, one of the fastest-growing ski companies in the world on the back of product innovation and viral videos, launched its Crowdcube campaign Saturday and by Tuesday had raised nearly £375,000. The offering allows fans to invest alongside angel and VC backers for as little… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

October 30, 2015 @ 9:13 am By JD Alois  |  

FundedByMe Malaysia to Partner with Rave Accelerator Announced earlier this year following announced equity crowdfunding regulations by the Malaysian government, Sweden-based FundedByMe and Alix Global have entered into a formal joint venture (JV) to operate an equity crowdfunding platform by year’s end. According to information… Read More

October 14, 2015 @ 10:02 am By Samantha Hurst  |  

Lenddo, an Asia-based fintech startup that uses non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to support the company’s accelerated growth and meet global demand. The investment was led by new investors AT Capital and Life.SREDA,… Read More

October 14, 2015 @ 8:40 am By JD Alois  |  

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More

October 2, 2015 @ 6:07 pm By JD Alois  |  

List71, based in Singapore, has put a new spin on the crowdfunding space.  According to the site description, List71 is “beyond debt and equity”.  Investors sign up to receive a portion the company’s revenue for a period of time instead of purchasing direct ownership.  Company… Read More

October 1, 2015 @ 1:46 am By Midori Yoshimura  |  

Indonesia’s Financial Services Authority, or OJK, will announce a countrywide crowdfunding regulation next week, said OJK Chairman Muliaman Hadad, according to DealStreetAsia. The regulation will be simple and allow startups open access to funding, he added. The upcoming regulation would lay out plans for promoting VC businesses and for establishing new… Read More

September 15, 2015 @ 1:08 am By Midori Yoshimura  |  

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

September 3, 2015 @ 11:05 am By JD Alois  |  

The Securities CommissionMalaysa, (SC) is in the midst of hosting its annual World Capital Markets Symposium in Kuala Lumpar. The Malaysian Prime Minister, Dato’ Sri Najib Razak, was in attendance to deliver a keynote address that acknowledged the participants from around the world.  SC Chairman… Read More

September 2, 2015 @ 11:55 pm By JD Alois  |  

Peer to peer lending keeps going higher in China.  The world’s largest direct lending market topped 97.5 billion yuan ($15.3 billion) in August according to a report in the Shanghai Daily. To put this in comparison, Lending Club in the US has funded just over… Read More

September 2, 2015 @ 8:23 am By JD Alois  |  

The Securities Commission Malaysia (SC) will be hosting big name global leaders alongside disruptive entrepreneurs at its World Capital Markets Symposium taking place in Kuala Lumpar in next week, September 3-4. Many of the speakers are internationally recognized names. Entitled “Markets and Technology: Driving Future… Read More

August 31, 2015 @ 11:15 am By JD Alois  |  

Quoting Massolution, crowdsourcing.org “Global crowdfunding experienced accelerated growth in 2014, expanding by 167 percent to reach $16.2 billion raised, up from $6.1 billion in 2013. In 2015, the industry is set to more than double once again, on its way to raising $34.4 billion. These… Read More

August 27, 2015 @ 3:29 pm By JD Alois  |  

Real estate crowdfunding platform CoAssets is looking to set up shop in neighboring Malaysia.  Earlier this year Malaysian securities authorities announced the approval of 6 investment crowdfunding platforms but CoAssets, based in Singapore, was not on the list.  Denied at the time,  CoAssets is currently… Read More

August 26, 2015 @ 9:45 am By Albert Santos  |  

Crowdfunding in Indonesia is still in its infancy stage which is on par with most of Southeast Asia. For a country that is home to multiple ethnic groups carrying different languages and hundreds of volcanic islands, the government is poised to be in a good… Read More

August 24, 2015 @ 9:28 pm By JD Alois  |  

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More

August 21, 2015 @ 2:00 am By JD Alois  |  

Developer of solar projects Kong Sun Holdings based in Hong Kong went to the banks to finance a project in Mongolia.  Banks said no thanks so Kong Sun went online and raised a $161 million loan from Solarbao.  This is according to a recent report… Read More